Canada Inflation Rate  1915-2018 | Data | Chart | Calendar | Forecast

The annual inflation rate in Canada stood at 2.2 percent in May of 2018, the same as in the previous month, missing market expectations of 2.5 percent. Higher prices for shelter and transportation were offset by slowing cost of food, household equipment, clothing & footwear. Inflation Rate in Canada averaged 3.14 percent from 1915 until 2018, reaching an all time high of 21.60 percent in June of 1920 and a record low of -17.80 percent in June of 1921.

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Canada Inflation Rate Steady at 2.2% in May


The annual inflation rate in Canada stood at 2.2 percent in May of 2018, the same as in the previous month, missing market expectations of 2.5 percent. Higher prices for shelter and transportation were offset by slowing cost of food, household equipment, clothing & footwear.

Year-on-year, prices advanced faster for shelter (2.0 percent from 1.7 percent in April); transportation (5.6 percent from 4.7 percent), on higher cost of gasoline (22.9 percent from 14.2 percent); and they rebounded for recreation and culture (1.7 percent from -0.2 percent).

Meanwhile, inflation slowed for: food (1.0 percent from 1.8 percent);  household operations, furnishings and equipment (0.3 percent from 1.4 percent); clothing & footwear (0.8 percent from 2.2 percent); health (1.5 percent from 1.6 percent) and alcoholic beverages & tobacco (4.6 percent from 4.9 percent).

On a monthly basis, consumer prices edged up 0.1 percent, compared to a 0.3 percent increase in April and market expectations of a 0.3 percent gain.

The BoC's annual core inflation, which excludes volatile items, eased to 1.3 percent from 1.5 percent in April, missing market expectations of 1.4 percent.


Statistics Canada | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
6/22/2018 1:39:22 PM


Recent Releases

Canada Inflation Rate Slows to 2.2%
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Published on 2018-05-18

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The consumer price inflation in Canada increased to 2.2 percent year-on-year in February of 2018, up from 1.7 percent in the prior month and well above market consensus of 2 percent. It was the highest inflation rate since October of 2014, as prices rose mostly for transportation, especially gasoline and vehicles. Meanwhile, food inflation slowed.
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Calendar GMT Actual Previous Consensus TEForecast
2018-04-20 12:30 PM Inflation Rate YoY 2.3% 2.2% 2.4% 1.9%
2018-05-18 12:30 PM Inflation Rate YoY 2.2% 2.3% 2.3% 2.3%
2018-06-22 12:30 PM Inflation Rate YoY 2.2% 2.2% 2.5% 2.4%
2018-07-20 12:30 PM Inflation Rate YoY 2.2% 2.4% 2.3%
2018-08-17 12:30 PM Inflation Rate YoY 2.2%
2018-09-21 12:30 PM Inflation Rate YoY 2.1%


Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 2.20 2.20 21.60 -17.80 percent [+]
Inflation Rate Mom 0.10 0.30 2.60 -1.30 percent [+]
Consumer Price Index CPI 133.40 133.30 133.40 12.10 Index Points [+]
Core Consumer Prices 131.00 131.20 131.20 61.70 Index Points [+]
Core Inflation Rate 1.30 1.50 5.40 0.00 percent [+]
GDP Deflator 116.90 116.60 116.90 12.80 Index Points [+]
Producer Prices 118.50 117.40 118.50 15.60 Index Points [+]
Producer Prices Change 3.10 2.30 21.10 -7.20 percent [+]
Export Prices 124.70 123.60 124.70 70.20 Index Points [+]
Import Prices 134.00 132.20 8964.00 82.20 Index Points [+]
Food Inflation 1.00 1.80 20.18 -7.14 percent [+]
CPI Housing Utilities 140.40 140.30 140.40 39.10 Index Points [+]
CPI Transportation 139.70 139.50 139.70 10.90 Index Points [+]


Canada Inflation Rate

In Canada, the most important categories in the CPI basket are Shelter (27.5 percent of the total weight) and Transportation (19.3 percent). Food accounts for 16.1 percent; Household Operations, Furnishings and Equipment for 11.8 percent; Recreation, Education and Reading for 11.8 percent; Clothing and Footwear for 5.7 percent; Health and Personal Care for 5 percent; Alcoholic Beverages and Tobacco Products for the remaining 3 percent. The CPI basket is reviewed every four years on the basis of household surveys. The current weights are based on spending patterns in 2009. This page provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Inflation Rate - actual data, historical chart and calendar of releases - was last updated on July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.20 21.60 -17.80 1915 - 2018 percent Monthly
2002=100




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 4.39 Jun/18
Canada 2.20 May/18
China 1.90 Jun/18
Euro Area 2.00 Jun/18
France 2.00 Jun/18
Germany 2.10 Jun/18
India 5.00 Jun/18
Indonesia 3.12 Jun/18
Italy 1.30 Jun/18
Japan 0.70 May/18
Mexico 4.65 Jun/18
Netherlands 1.70 Jun/18
Russia 2.30 Jun/18
South Korea 1.50 Jun/18
Spain 2.30 Jun/18
Switzerland 1.10 Jun/18
Turkey 15.39 Jun/18
United Kingdom 2.40 May/18
United States 2.90 Jun/18


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